SEC Form 4 · accession 0001127602-17-021774

WARNER MEDIA, LLC · TWX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Carol A Melton

Officer — Executive Vice President

Period of report

Jun 15, 2017

Accepted (ET)

Jun 19, 2017 · 5:02 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001105705

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, Par Value $.01^F2	Jun 15, 2017	M	323	$0.00	A	74,752	D
Common Stock, Par Value $.01	Jun 15, 2017	F	157	$99.12	D	74,595	D
Common Stock, Par Value $.01^F4	holding	—	—		—	388	I	By Savings Plan
Common Stock, Par Value $.01^F5	holding	—	—		—	2,846	I	By Spouse
Common Stock, Par Value $.01^F6	holding	—	—		—	3,602	I	By Spouse's 401(k) Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F8,F2,F7	—	Jun 15, 2017	M	323	D	—	—	Common Stock, Par Value $.01	323	33,809	D

Explanation of responses

F1Shares of common stock acquired upon the vesting of restricted stock units awarded on June 15, 2014.
F2Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each restricted stock unit that vested.
F3Payment of tax liability by withholding shares of common stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
F4The Time Warner Savings Plan, a qualified employee benefit plan (the "Savings Plan"). Includes shares of common stock acquired through the reinvestment of dividends paid on the common stock held by the Savings Plan.
F5The Reporting Person disclaims beneficial ownership of these shares, which are held by her spouse.
F6The Reporting Person disclaims beneficial ownership of these shares, which were purchased in her spouse's 401(k) plan.
F7These restricted stock units vest in four equal installments, with the first installment to vest on February 15, 2016 and the second, third and fourth installments on the next three anniversaries of their date of grant, June 15, 2014.
F8These restricted stock units include (i) restricted stock units that vest in four equal installments on the first four anniversaries of the following dates of grant: February 15, 2014, February 15, 2015 and February 15, 2016; (ii) restricted stock units that vest in four equal installments on February 15, 2016 and the second, third and fourth anniversaries of the date of grant, June 15, 2014; (iii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2017; and (iv) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2018.